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Mercedes-Benz E-Class Lease Questions
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Comments
12k for 33 months
Everything rolled into payment inc. Tax, bank fees etc.
Only first month and plates up front.
$595
what you guys think? Can I do better?
what is the negotiated price of the car....without the fleet discount and loyalty discount....They should give you a discount PLUS those items.
Thanks
The number they quoted would have you believe that the base rate is .0027 which would be 6.48%...and that's just crazy. A MF of .00225 is 5.4% and in today's world, even that is gouging...but reducing it with MSD's, your mf should be (if I'm right) .00155 or 3.72%.
what are they telling you the residual is on a 24 mo lease?
I went to the dealer in Bellevue, WA and they gave me the following information on the lease.
MSRP - $42,445.00
Discount - $2,000.00
Tax - $2,248.61
License Fee - $250.00
Service Fee - $150.00
Selling price with Tax - $42609.61
RV - 63%
MF - 0.00142
Term - 30 months
Miles - 10k/year
Downpayment - $2,000.00
Monthly w/ taxes - $557.86
Is this a good deal or I can do better? Seems like I'm reading about people getting E class for like $600/month which makes this deal look kinda bad?
Give Lynnwood a call, they don't play games and they'll probably give you a better price on the vehicle, too.
I got $595 for 36 months with 10,000 miles a year and scheduled maintenance included
Have you gotten a better offer since?
Still not sure how much lower I can get.
Cash at closing is about $1,900 (1st month, bank doc fee, plates and misc,)
Do you think that NJ MB does??
You might want to call that salesman and tell him that he should learn mercedes leasing instead of guessing and giving out incorrect information.
Each additional security deposit lowers your vehicle's money factor by .00007.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
only thing out of pocket is 595 (first month) + $100 (DMV) so total out of pocket is 695.
595 includes taxes bank fee acquisition fee etc.
Few questions for the experts as I go shopping over next week. Looking to lease a 2012 E 350 Convertible with a P1 Package for around 3 years (33 or 36 months).
1. What are November residual and promotional money factors for a 33 month and 36 month for 12k/yr and 10k/yr?
2. I understand many dealers will not use the promotional money factor if you are using MSDs. What is the Tier 1 money factor for the above leases for November if I want to use MSDs?
3. What should be my target negotiating price/percentage off of MSRP and invoice?
4. If I understand the MSDs, it is .0007 off the money factor for each MSD? With autopay, is it 0001 off of the money factor?
I live in So. Cal (LA area) if relevant.
Thanks so much!
I don't have answers to all your questions, but the info I do know follows below.
Q1. Per Ride With G, the base rate MF for a 2012 E350 convertible = 0.00167
Q4. For each security deposit, one receives 0.00007 reduction in MF. One can max at 10 security deposits (= 0.0007 MF reduction). Auto pay provides a 0.0001 MF reduction. Therefore, coupling the two, one can expect 0.0008 reduction in MF.
I would encourage you to talk to MB of Long Beach, specifically a sales person with initials G.O. He is quite transparent on pricing and should offer you MSD off of promotional rate. Feel free to tell him that the couple from San Diego who leased a Bluetech recommended you.
Cheers!
I don't take the warranty...but I know others do because one bent wheel and you've probably saved money.
2012 MERCEDES BENZ E CLASS E350W 4dr Sdn E350 P1 pkg., Sport plg., rear spoiler;
Payment Details
Term. 30 months
Base Payment. 644.09
Total Payment. 685.96
Purchase Option. 36,800.25
MSRP. 56,385.00
Est. Miles Per Year. 12,000
Disposition Fee. 595.00
Excess Mileage . 0.25
Amount Due at Signing
1st Month Payment. 685.96
Fees & Insurance. 1,117.20
Upfront Taxes. 119.83
Cap Reduction (Cash). 1,077.01
Total Inception Fees. 3,000.00
Inception Fees
Cash as Drive Off. 3,000.00
Total Credits. 3,000.00
Remaining Due (Still Owed)
0.00
Total Cash Required on Delivery
3,000.00
Tax Information
State: Florida
County: Orange
Rate. 6.0000
Cashdown Tax. 110.61
County Discretionary Surtax
9.22 / 0.5000
Monthly Tax 41.87 @ 6.5000
Capped
Upfront Fee Information
License. 98.75
Registration. 250.00
Doc Fee. 699.95
Rental Surcharge. 60.00
Tire Fee. 5.00
Battery Fee. V1.50
MVWEA (Lemon Law). 2.00
I am not sure what the rental surcharge is in that up front payment...perhaps it's required in Florida. I would not pay the extra money as a down payment. If you paid the mercedes rate, it would drop your monthly payment by about $26 a month.
Finally, if you are going to lease, you might be able to residualize the mercedes basic maintanance. If the cost is $1500 and they add it as a feature, then you will only pay 35% of that cost....because it's treated like any other feature on the car. Some dealers do it this way and it's a great deal. Other dealers don't...they will charge you the full $1500 just paid monthly, in which case there is no reason to do it. My advice...play dumb. Ask them to calculate the lease both with and without maintenance...and then figure the difference in the monthly payments, multiply by 30 and see how much it's really costing you vs the MSRP of the maintenance. In my case I got $750 worth of maintenance for $250.
Now if you really want to save some money, get a bluetec instead of the gas e and you'll save about $75 a month. If you haven't driven one, give it a try...it's a terrific car. And with multiple security deposits, you'd be paying about $580/month...I'm also in florida and my 2011 bluetec is just a great car.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
The residual value for a lease with only 10,000 miles per year would be 1% higher.
I suppose that you would have to use Mercedes-Benz Financial's standard lease money factor if you want to make multiple security deposits. Its buy rate standard factor for Tier 1 customers is .00225. You can subtract .00007 from that for every additional deposit.
If I was in the market for this car right now, I personally would shoot for a selling price of $500 to to $1,000 (preferably at the lower end of that range) over invoice minus any available loyalty or conquest cash incentives.
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
It's a 4MATIC with Premium Package 2, and has Black Metallic paint. The total came out to 60k. (2012 model year)
I want to lease the car for 36 months with no down payment.
I opted for 12k miles.
The tax in my county is 8.5%
I am in the Tier 1 credit rating group.
(1) The dealer is offering $950/month, and am wondering if this is a good deal.
(2) Are there any additional services I can get from my dealer? Such as free maintenance for a year, free car washes, etc?
Everything but the license plate and title are included in the $950/month.
Thank you in advance.
The dealer is likely marking up the acquistion fee and/or marking up the money factor..or not giving you a reasonable discount on the car.
You might want to ask the dealer what discount he is giving you on the car; what money factor they are using; what is their dealer administrative fee; and what is the lease acquisition fee.....or of course, you could just offer them $880 a month including tax and see if they'll meet it.
Good luck.
The standard MF rate is .00225. If I do the MSDs, it drops it to .00155.
The promo MF rate is .00167.
So, the benefit of doing MSDs is .00012. I've heard great encouragement for MSDs on this forum, but with this small a spread between the promo rate and the standard rate with MSDs, it strikes me as not worth it to tie up what will be around $7k-$8k in MSDs for 3 years (even though I get them back). Am I viewing this right. Do you agree?
Thanks!!!
Take your best shot....
30 months
12k miles a year
First month, bank and tags - $1815
Monthly pmt - $667
Bank -795
$338 plates doc tire tax
Suffolk County - 8.625 tax
$MSRP - $57785
Paid - 52585
Gave me winter incentive of $2k included in price paid.
The car is sick. I've always had Hondas (four). This is my first luxury car and I love driving it. Engine is noisy outside the car. Sounds weird but you can't hear it when you're driving. The car is comfortable and sneaky fast. Gts up to 90-100 and it feels like 60. Such a smooth ride and you can feel its strength. I'm hooked. Best car I've ever driven by far. It makes driving an experience.
Nassau County, LI
We are turning in our 09 E350 4matic and did the whole thing with a Costco program--very easy deal, I think we got loyalty, USAA??? and $750 costco discounts.
Without maintenance package price would be $604--12k per year adds $20 per month.
E350W4--52990
Premium package 1--3600
Palladium silver--720
Parktronic--970
prepaid maintenance--769
dest. and del--875
It's my wife's car-she loves it.
I think you did fine....although I would have included mercedes maintenance in the lease and taken advantage of the 65% discount because it can be residualized just like any other feature on the car (unique to Mercedes, as far as I know).
Gexo...why do you think the deal was bad????
The first dealer I went into was MB of Massapequa and the salesmen told me it would be over $800. I walked right out. I'm an accountant (ashamed to admit that after getting hosed on the Honda) and once I had the brains to go and educate myself on leasing (primarily from you gh) I thought this ended up being a really great deal. I wasn't eligible for USAA, Conquest, Loyalty or any of the other incentives, but I thought the salesman at Lakeview was really honest, and even offered up the winter sales incentive of $2,000 to get me to the $52,875 purchase price, which based on this forum was a comparable and good price given the low inventory at dealers.
Even on truecar.com, they said the price I was getting was a "Great Price".
This car actually took almost 3 weeks to get here from Germany to Long Island.
I probably should have got the maintenance, but I think it'll end up being about the same. I'll probably need the A & B service which I think is around $700 total, and I'll turn in the car a month or so early to get into another E350 or something slightly better.
I have to say it's so much fun to drive. I'm also obsessed with people hitting or scratching it. I drive to Brooklyn & Queens a lot and I'm super paranoid. I still have my old Honda Accord from a prior lease and it has 3,000 miles on it before I go over the limit so I'm taking that to the city as much as possible.
Thanks again for all the great advice on this forum. Anyone thinking about leasing a car needs to look here.
MSRP is $58,605
My price should be around $53,514 (about 2k below invoice)
Sales guy won't quit sit down with the finance guy yet (just corresponding over email)...but I'm trying to nail down what should be a good lease price. I know they have a decent "promotional" rate now (10k/30 months/$3500 cap reduction) - but those don't look like a good idea for me. I'd rather use MSD's to lower MF, pay my taxes up front, and I'm also looking for 15k/36 months. I live in Md - and have a 6% sales tax....anyone have a good idea what I should be looking at? I thought the RV was around 65%....and I saw earlier the MF is .00146 on a 4Matic...is that still true for December? And is that a standard MF, or a promotional MF?
Love this forum....it's been a great help!
Thanks!
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Advertised 30 months lease payment based on MSRP of $57,865 less the suggested dealer contribution resulting in a total gross capitalized cost of $56,129. Dealer contribution may vary and could affect your actual lease payment. Includes Destination Charge and Premium 1 Package. Excludes title, taxes, registration, license fees, insurance, dealer prep and additional options. Total monthly payments equal $18,570. Cash due at signing includes $3,350 capitalized cost reduction, $795 acquisition fee and first month's lease payment of $619. No security deposit required. Total payments equal $22,715. At lease end, lessee pays for any amounts due under the lease, any official fees and taxes related to the scheduled termination, excess wear and use plus $0.25/mile over 25,000 miles, and $595 vehicle turn-in fee. Purchase option at lease end for $38,191 plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown.
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That seems like an ok deal, except the high cap reduction payment.
Does anyone know if the Winter Incentive is still going on for December (it's $1500 on the e350 right?)
Thanks!